Groww Shares Down 4% Ahead of Lock-in Expiry; Expert Flags Valuation

• Groww shares fell 4% on Tuesday, December 9, ahead of a shareholder lock-in period ending on Wednesday, December 10.
• Approximately 14.92 crore shares, representing 2% of the company's outstanding equity, will become eligible for trading after the lock-in expires.
• Despite the recent decline, Groww's shares are still up 47% from their issue price of ₹100, with a market capitalization of ₹90,814 crore.
• Market expert Deven Choksey expressed caution, believing Groww's valuation has run ahead of its fundamentals.

Why It Matters: Groww stock faces potential selling pressure as a shareholder lock-in period ends.